Carilion Medical Center
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$1,983,462,548
Program Services
95%
Other
3%
Investments
1%
Government Grants
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,918,638,997
Salaries & Benefits
44%
Other
27%
Fees to Service Providers
22%
Offices, Occupancy & IT
4%
Depreciation
2%
Interest
<1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,715,385
$2,513,945
+47%
Government Grants
$16,564,595
$7,705,065
-53%
Fundraising Events
$0
$0
-
Program Services
$1,677,450,373
$1,881,826,902
+12%
Membership Dues
$0
$0
-
Investments
$22,592,299
$22,625,641
+0%
Other
$24,500,288
$68,790,995
+181%
Total Revenues
$1,742,822,940
$1,983,462,548
+14%
Expenses
2023
2024
Change
Grants
$6,051,197
$6,123,879
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$755,595,282
$837,875,063
+11%
Fees to Service Providers
$424,747,617
$429,685,778
+1%
Advertising & Promotion
$52,607
$32,119
-39%
Offices, Occupancy & IT
$64,804,836
$68,166,758
+5%
Interest
$14,091,432
$9,396,554
-33%
Depreciation
$44,325,516
$43,613,345
-2%
Other
$459,899,129
$523,745,501
+14%
Total Expenses
$1,769,567,616
$1,918,638,997
+8%
Net income
2023
2024
Change
Net income
-$26,744,676
+$64,823,551
-342%
Functional Expenses
Summary
2023
2024
Change
Program
$1,521,690,046
$1,646,234,721
+8%
Admin
$247,655,061
$272,124,873
+10%
Fundraising
$222,509
$279,403
+26%
Total Expenses
$1,769,567,616
$1,918,638,997
+8%
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